Jim Cramer sells Bitcoin over quantum fears; BTC holds near $64,000

Jim Cramer says he is done with Bitcoin — and this time, the reason has nothing to do with price charts or Federal Reserve policy. The CNBC “Mad Money” host announced he plans to sell all of his Bitcoin holdings over fears that quantum computing could eventually break the cryptography that secures the network. The timing of the Jim Cramer Bitcoin quantum scare, and the market’s shrug in response, has become one of the more talked-about moments in crypto this week.

Key takeaways

• Jim Cramer says he is selling all of his Bitcoin, citing fears that quantum computing could break crypto security within three to four years.
• IBM CEO Arvind Krishna told Cramer investors should get “paranoid” about quantum risk on that same three-to-four-year timeline.
• Bitcoin rose about 1.6% the day Cramer made his announcement and has since held steady near $64,000.
• An AI-enabled exploit of the Coldcard hardware wallet has pushed losses past $100 million, with some tallies near $120 million.
• Ethereum researchers, led by Justin Drake, proposed EIP-8361 to burn staking rewards as the staked share of ETH supply grows.

The Quantum Warning Behind Cramer’s Exit

Cramer’s decision traces back to a July 31 interview with IBM Chairman and CEO Arvind Krishna, aired on CNBC. Cramer asked directly whether he should worry about quantum computers stealing his coins. Krishna’s answer set the clock ticking: “I think that you should give yourself three or four years,” he told Cramer, “and at that point, I would get rather paranoid about it.”

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